我国居民储蓄函数及其误差修正模型

A Function of Residents'Deposits in China and its Error Correction Model

文章运用协整方法分析国内生产总值、股市市值、利率以及物价水平对我国居民储蓄的影响,研究这些变量与居民储蓄之间的长期均衡关系,给出我国居民储蓄函数。然后建立用于描述由短期波动向长期均衡调整的误差修正模型。在此基础上分析了影响居民储蓄变动的主要因素并给出结论。

This paper uses the cointegration approach to analyze residents' deposits influenced by GDP,total market capitalization of stock,interest rate and price index in China.A longterm equilibrium relationship between residents' deposits and these variables is studied.The function of residents' deposits is constructed.Error correction model which describes the mechanism of adjustment from a shortterm fluctuation to longterm equilibrium is built.Then,main factors that affect the variation of residents'deposits are investigated and conclusions are given.